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TIPS PROPERTY OWNERS SHOULD CONSIDER WHEN CONTRACTING THEIR NEXT PROJECT So far this year there have been numerous construction-related bankruptcy filings. The following are some tips to protect yourself from contractor distress and bankruptcy filings. First, identify events of default or notice events that can indicate a contractor’s distress. Consider including a provision in the…

NEW POWER OF ATTORNEY RULES TAKING EFFECT IN NEW YORK On June 13, 2021, the law in New York pertaining to powers of attorney will be changing. It is widely felt that the current requirements are cumbersome and unreasonable, making the document “prone to improper execution.” The law revisions are intended to make the document…

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